Currency / Language


NEWS International Hotel Chains contribute to Turkey’s economy substantially

7 Oct 2019

Turkey is a country of tourism with its many natural and historical attractions. Thus the country enjoys huge revenues thanks to tens of millions of foreigners visiting Turkey each year.

The good point is economists note that foreign investors are aware of this business potential in Turkey and want to make investments in this country.

To parallel this view, JW Marriott Istanbul Bosphorus and Sheraton Istanbul City Center in Piyalepaşa which were sold to foreign investors are also among such investments and will contribute to the country's tourism and economy.

Located at KARAKOY, one of the historical landmarks of Istanbul, JW Marriott Istanbul Bosphorus was built by Italian architects 180 years ago and used as a trade center. 

Now, Al Rayyan Tourism and Investment Co. (ARTIC) of Qatar is getting prepared to realize an investment and put this hotel into service at the end of the year, after a four year work.

JW Marriott Istanbul Bosphorus, neighbor to the Historic Peninsula, will host its guests with a view of Istanbul's historical heritage to include Galata Tower, Bosphorus, Golden Horn and the Maiden Tower.

Experts also note such foreign investments substantially contribute to employment and tourism revenues of the country. JW Marriott Istanbul Bosphorus is the first Turkey investment of the company which has 27 hotels in different continents.

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